Ormat Tech SEC Filings

Ormat Technologies (NYSE:ORA) insider Ofer Benyosef, EVP – Energy Storage & BD, filed a Form 4 disclosing the open-market sale of 8,548 common shares on 24 June 2025 at a weighted-average price of $86.31 (range $86.28-$86.47).

The transaction generated roughly $0.74 million in gross proceeds and reduced his direct ownership from 10,169 to 1,621 shares, an estimated 84 % decrease. No derivative trades were reported and the sale was not identified as a Rule 10b5-1 plan trade. While the filing cites no operational developments, the sizeable disposition by a senior executive may be viewed by investors as a potential negative sentiment signal.

Dafna Sharir, Director at Ormat Technologies (NYSE: ORA), executed multiple transactions on June 20, 2025, involving Stock Appreciation Rights (SARs) and common stock:

• Exercised 1,210 SARs at $76.87 (expiring Nov 2025) and 1,315 SARs at $67.54 (expiring Nov 2026)
• Disposed of 2,124 shares to cover exercise prices
• Sold 401 shares from SAR exercises in open market
• Additionally sold 1,200 shares in open market at average price of $85.58

Following these transactions, Sharir's direct ownership decreased to 3,238 shares from an initial position of 5,648 shares. The transactions represent a significant reduction in the director's equity stake, with sales occurring at market prices ranging from $85.36 to $85.81 per share.

Form 4 filing reveals insider trading activity at Ormat Technologies (ORA) by Director Stanley Stern on June 20, 2025. The transaction details show:

• Stern sold 547 shares of common stock at an average price of $85.5422 per share
• Following the transaction, Stern directly owns 6,137 shares of Ormat Technologies
• The sale was executed as a direct ownership transaction

The Form 4 was filed on June 28, 2025, within the required reporting timeline, and was signed by Jessica Woelfel as attorney-in-fact. No derivative securities transactions were reported in this filing. This insider sale represents a relatively small adjustment to Stern's holdings in the company.

Form 144 Overview: An unidentified affiliate of Ormat Technologies, Inc. (ORA) has filed a Form 144 indicating an intention to sell 1,500 shares of the company’s common stock. The filing is a notice rather than a confirmation of sale and pertains to Rule 144 under the Securities Act of 1933.

Key Details

• Shares to be sold: 1,500 common shares
• Estimated market value: US $129,600.75 (based on the market price at filing)
• Broker: Morgan Stanley Smith Barney LLC, Executive Financial Services, New York
• Planned sale date: on or about 24 June 2025
• Exchange: NYSE
• Total shares outstanding: 60,662,626; proposed sale equals roughly 0.0025 % of the float—an immaterial level.

Acquisition History of the Shares

• 358 restricted shares acquired 01 Mar 2023
• 90 restricted shares acquired 31 Dec 2023
• 1,052 restricted shares acquired 31 Dec 2022

No sales were reported by the filer in the past three months, and the form states that the filer is not in possession of any undisclosed material adverse information about the company. Because the proposed transaction represents a very small fraction of outstanding shares, market impact is expected to be negligible. Nevertheless, investors often monitor Form 144 filings as signals of insider sentiment and potential liquidity events.

This Form 4/A is an amendment to a previously filed Form 4 for David Granot, a Director of Ormat Technologies (NYSE: ORA), correcting an administrative error in the reported beneficial ownership following a stock transaction.

Key details of the filing:

• Transaction Date: June 18, 2025
• Transaction: Sale of 1,072 shares of common stock at $85 per share
• Post-transaction Holdings: 1,641 shares (corrected from previously reported 2,479 shares)
• Filing Type: Direct ownership

The amendment was filed on June 28, 2025, correcting the Form 4 originally filed on June 20, 2025. The correction specifically addresses Box 5 (Amount of Securities Beneficially Owned) which was incorrectly reported due to an administrative error. The filing was signed by Jessica Woelfel as attorney-in-fact.

Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary of Ormat Technologies (NYSE: ORA), reported insider sales transactions executed on June 18, 2025, pursuant to a pre-established 10b5-1 trading plan from December 2024.

The transactions involved two separate sales of common stock:

• Sale of 251 shares at $82 per share
• Sale of 313 shares at $85 per share

Following these transactions, Woelfel retains direct beneficial ownership of 5,926 shares of Ormat Technologies common stock. The sales were executed according to a predetermined trading plan, which helps demonstrate compliance with insider trading regulations and provides an affirmative defense against potential allegations of trading on material non-public information.

Ormat Technologies, Inc. (ORA) – Form 4 insider transaction

Director David Granot reported the sale of 1,072 shares of Ormat Technologies common stock on 18 June 2025 at a price of $85.00 per share. Following the disposition, Granot directly owns 2,479 shares of ORA. No derivative securities were reported, and there were no purchases disclosed. The filing was signed on 20 June 2025 by attorney-in-fact Jessica Woelfel.

The transaction represents a modest reduction of the director’s direct holdings and amounts to a cash value of roughly $91 thousand. Given Ormat’s total shares outstanding, the trade is immaterial to the company’s capital structure. Nevertheless, investors often monitor insider sales for potential sentiment signals.